Solve clearly

ii. What would be the average tax rate for that same business in the new schedule (year 0)? a. 0.00% b. 9.27% c. 12.40% d. 9.45% e. None of the above Enter Response Here: ili. What is the lowest average tax rate out of the three businesses in the new schedule (year O)? a. 12.40% b. 9.75% C. 9.27% d. 0.00% e. None of the above Enter Response Here: iv. For the produce farm, what would be the social security tax owed in 4 years after the new schedule was implemented? a. $9.683 b. $9.701 c. $9.567In order to increase funding for federal entitlements programs, the federal government is planning on lifting the cap on the social security tax and taxing all income above $400,000 again at 12.4%. The $400,000 income level would be fixed and would not change with inflation while the $142,800 level would still be indexed with inflation. The inflation rate is 1.4%. Original Schedule Bracket Rate (0) (1) $ 142,800.00 12.40% S 142,800.00 0.00% New Schedule Bracket Rate (0) (1) S 142,800.00 12.40% S 142,800.00 S 400,000.00 0.00% S 400,000.00 12.40% Consider the impact on three different businesses: . A produce farmer with a real taxable income of $74,000 A cotton cultivator with a real taxable income of $191,000 A large dairy farm operator with a real taxable income of $1,205,000 i. What is the lowest average tax rate out of the three businesses given the original schedule (year 0)? a, 1.24% b. 0.00% C. 12.4% d. 1.47%